Russia's highest finance monitoring body inspected the mammoth's present state, prospects and finance, and is offering impressive figures in a press release.
Sales return growth rates exceeded expenditure growth rates by 7.1 per cent. Corporate finance for 2002-03 was steady. The gas holding accounts for 7 per cent of the gross domestic product and 8 to 10 per cent of federal fiscal revenues.
Inspectors, however, point out bad fixed asset wear-and-tear, and inadequate rates of reproducing mineral and raw material sources. The release also highlights unused opportunities to make capital investment more effective.
The Auditing Chamber Board also analysed the checks of Gasprom branch and affiliate management efficiency and expediency so as to guarantee federal revenues from the government-held stock.
From 2001 through this year, the Gasprom has been calculating and transferring government dividends in due order, the amount and terms complying with resolutions of the annual shareholders' meetings, says the release.
Board session debates brought a decision to forward a relevant statement to the company, and an information message to the federal Cabinet. The Chamber will duly inform the two parliamentary houses about the inspection.
